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now of course a lot of belly acres on the left, incidentally bellyaching not covered under romney's plan, insisted on paying attention to the words they said, and pointed out that mitt changing almost all of his positions could backfire. like this from npr. romney goes on offense. pays for it in first wave of fact checks. oh no! mitt could lose the fact checking race. quick, some fact checker should research how many electoral college votes the swing state of fact checkelsvannia has. because-- because i think-- i think-- i think it's even fewer than north i don't give a [bleep]. folks, the fact check mafia is just a bet because romney won by pivoting. exactly like his senior advisor eric fernstrom said he was going to do after the primary. >> everything changes. if is almost like an etch-a-sketch, you can kind of shape it up-- shake it up and we start all over again. >> stephen: and everyone agrees last night mitt was pretty sketchy. >> he said things that were just not accurate. >> mitt romney presented with us the ultimate etch-a-sketch behavior last night. >> romney has been accused o
now of course a lot of belly acres on the left, incidentally bellyaching not covered under romney's plan, insisted on paying attention to the words they said, and pointed out that mitt changing almost all of his positions could backfire. like this from npr. romney goes on offense. pays for it in first wave of fact checks. oh no! mitt could lose the fact checking race. quick, some fact checker should research how many electoral college votes the swing state of fact checkelsvannia has. because--...
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so one thing he said romney had secret plans on jobs, economy and regulation. and taxes. just after romney spent time giving the details on awful those being critical of very specific pro visions of don frank. and this is the president was not in denver. i thought he spent too much time shooting bass cats rather than prepping for this thing. we saw it. he offered up routine rogue talking point thing that's people were sitting there saying do you know what? this doesn't jive with what i've just seen happen with these two men on the stage. >> and rnc chair predicting the president would make excuses because he can't defined his record. he joins us from denver, good evening mr. chairman. tell me have you spoken to governor romney since the debate? >> i. i can tell you he was smiling and happy with how things went tonight. tonight was a historical night. and this is a sense that that is shocking. the performance but there is a problem for governor and drk-excuse me, the president, mitt romney was ready, and prepared. and he was ten yaishis and respectful. the president meande
so one thing he said romney had secret plans on jobs, economy and regulation. and taxes. just after romney spent time giving the details on awful those being critical of very specific pro visions of don frank. and this is the president was not in denver. i thought he spent too much time shooting bass cats rather than prepping for this thing. we saw it. he offered up routine rogue talking point thing that's people were sitting there saying do you know what? this doesn't jive with what i've just...
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that's his plan. it's the ryan budget. he said he would sign the ryan budget. it's the romney plan. he said it four or five times that i have seen on tape. it's a bald-faced lie and he got away with it last night. he got away with it because the president was very tepid in the way he called him on it. and what the president should have said is come on, mitt, i have seen you on tape five times saying you're going to cut the tax rate for everyone by 20%. that means the richest americans are going to get their rate down from 35% to 28%. how can you stand there and lie to the american people? you have got to play hardball. that's the name of the show. >> lying is exactly what he was doing there. i didn't mean to interrupt governor, but lying is exactly what he was doing. the pre-existing condition one was the most shocking to me. the fact is his plan does not cover pre-existing conditions for people who don't have insurance already. he pretended that it did. that's just a lie. what, does he not know about his own health care plan? >> okay, why didn't the president say that? let me just
that's his plan. it's the ryan budget. he said he would sign the ryan budget. it's the romney plan. he said it four or five times that i have seen on tape. it's a bald-faced lie and he got away with it last night. he got away with it because the president was very tepid in the way he called him on it. and what the president should have said is come on, mitt, i have seen you on tape five times saying you're going to cut the tax rate for everyone by 20%. that means the richest americans are going...
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that's not my plan. >> why won't romney level with us about his tax plan which gives the wealthy huge new tax breaks? >> the obama campaign gets aggressive on mitt romney's lies on the airwaves. >> if we can't trust him here, how could we ever trust him here? >> and on the campaign trail -- >> governor romney made the dance around his positions but if you want to be president, you owe the american people the truth. >> tonight, stephanie cutter of the obama campaign on last night's performance and the way forward. sam stein, e.j. dionne on romney's style versus the president's substance. >> i like pbs. i love big bird. >> david k. johnston on romney's huge tax lie. james hoff of the teamsters on romney's 108 on his feelings for the american mid-dle class. and ohio state senator nina turner on what last night's debate means for the buckeye state. good to have you with us tonight, folks. thanks for watching. if it were just only a game, right? the presidential debate last night was ugly. it was an ugly night because the truth left the building. it took a beating. give mitt romney credit,
that's not my plan. >> why won't romney level with us about his tax plan which gives the wealthy huge new tax breaks? >> the obama campaign gets aggressive on mitt romney's lies on the airwaves. >> if we can't trust him here, how could we ever trust him here? >> and on the campaign trail -- >> governor romney made the dance around his positions but if you want to be president, you owe the american people the truth. >> tonight, stephanie cutter of the obama...
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romney's plan has to do that or he has to abandon the plan. and this is what i mean by the fact he has a good night but he's going to have a hangover tomorrow, he's got to explain now is he abandoning the 20% cuts which mainly pay for the high end or is he going to come out for some specifics about how that's not going to fall to the middle class. >> and we're going to be talking about the impact on the middle class a lot more. but we also want to find out what the younger generation has to say about tonight's debate. matt jablow is at the university of college park where students are weighing in. matted, what do they say? >> reporter: what was most compelling is not so much who the student supported. it was an overwhelmingly pro-obama crowd. but the high tech way that they express their support. >> i'm extremely excited. >> reporter: for professor phillip resnick, the first debate of 2012 is the culmination of one year's hard work. >> i'm looking forward to seeing the technology in action on the scale. >> reporter: a computer scientist at the
romney's plan has to do that or he has to abandon the plan. and this is what i mean by the fact he has a good night but he's going to have a hangover tomorrow, he's got to explain now is he abandoning the 20% cuts which mainly pay for the high end or is he going to come out for some specifics about how that's not going to fall to the middle class. >> and we're going to be talking about the impact on the middle class a lot more. but we also want to find out what the younger generation has...
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governor romney plans to let wall street run wild, but he's bringing the hammer down on "sesame street," it makes sense. lou: the president was trying to make a joke, but, mr. president, wait a minute. turns out big bird is deserving of considerable public attention. upon further investigation, it appears the last thing the president should be doing is to minimize what's happening to the taxpayer money because of big bird, all his friends like elmo and jim lehrer. the president should be paying attention to the count to help him with the numbers, and the numbers are troubling. on a day in which the congressional budget office announced the 2012 budget deficit came in at $11 trillion for a fourth straight year, turns out our out of control spending includes roughly $450 million given every year to the corporation for public broadcasting, $8 million of that going to, that's right, sesame workshop and big bird. it appears easy to dismiss millions of dollars when the government faces trillion of dollars in debt. the left may be cute with a call to end funding for public broadcasting, but h
governor romney plans to let wall street run wild, but he's bringing the hammer down on "sesame street," it makes sense. lou: the president was trying to make a joke, but, mr. president, wait a minute. turns out big bird is deserving of considerable public attention. upon further investigation, it appears the last thing the president should be doing is to minimize what's happening to the taxpayer money because of big bird, all his friends like elmo and jim lehrer. the president should...
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was romney so dishonest about his plan? the massive new tax cut for millionaires means higher tax cuts for the middle class, and aarp says romney's plan undermines medicare by turning it into a voucher. we have real challenges to meet. children to educate, a class to rebuild. >> one more note within this past hour, the president left on a two-day campaign swing through california, on a campaign effort, how else do you think they pay for those ads? >> hey, you don't miss much, do you, alex? >> talking about the unemployment number, we also saw a strong debate, still about the debate. >> well, you know it is a good thing for the president's supporters and they're looking forward to it. he gets two more bites of the apple, when vp paul ryan goes up against joe biden, and candidates have less and less tried to paint it as a victory, nobody agrees with it. and david axelrod said the president let mitt romney get away with too much. the president is his own worst critic. and robert gibbs, of course, works directly for the campaig
was romney so dishonest about his plan? the massive new tax cut for millionaires means higher tax cuts for the middle class, and aarp says romney's plan undermines medicare by turning it into a voucher. we have real challenges to meet. children to educate, a class to rebuild. >> one more note within this past hour, the president left on a two-day campaign swing through california, on a campaign effort, how else do you think they pay for those ads? >> hey, you don't miss much, do...
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>> romney: i have my own plan. but the president should have grabbed it take it go to congress and -- >> obama: that's what we have done -- >> romney: but you have been president four years. it's now four years later, we still have trillion dollars deficits. if you are reelected we'll get to a trillion dollars debt. you said before you would cut the deficit in half. you found $4 trillion of ways to reduce or get closer to an balanced budget except we still show trillion dollars deficits every year. that doesn't get the job done. why is it that i don't want to raise taxes? actually you said it back in 2010 you said look i'm going to extend the tax policies that we have. i'm not going to raise taxes on anyone, because when the economy is slow, you shouldn't raise taxes on anyone. well, the economy is still growing slow. so if you believe the same thing, you just don't want to raise taxes on people. and the reality is it's not just wealthy people -- you mentioned donald trump -- it's all of those businesses that are t
>> romney: i have my own plan. but the president should have grabbed it take it go to congress and -- >> obama: that's what we have done -- >> romney: but you have been president four years. it's now four years later, we still have trillion dollars deficits. if you are reelected we'll get to a trillion dollars debt. you said before you would cut the deficit in half. you found $4 trillion of ways to reduce or get closer to an balanced budget except we still show trillion...
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tax plan doesn't add up. >> if you're going to cut taxes 20% across the board, which is mitt romney's plan, you're going to blow a $5 trillion hole over ten years in the government's revenue. now, what governor romney says is i can make that up by closing tax expenditures and loopholes, but there's two problems with that. one, the arithmetic. if you look at people over 200,000, just look at the wealthiest couple of percent, the revenue cuts about $250 billion, and the deductions, the broadening of the base, gets you back about 160. so you're short about $90 billion. >> and don't miss reverend al sharpton and "politics nation" weekdays at 6:00 eastern here on msnbc, the place for politics. >>> so how will today's monthly jobs report impact the candidates? economists are predicting the unemployment rate could tick up from 8.1 to 8.2%, which could be bad news for president obama. brian mooar has the latest. he's in washington. good morning. >> reporter: hi, lynn. even if it's not great news today, it probably could be worse. today's jobs report is the second to the last before election d
tax plan doesn't add up. >> if you're going to cut taxes 20% across the board, which is mitt romney's plan, you're going to blow a $5 trillion hole over ten years in the government's revenue. now, what governor romney says is i can make that up by closing tax expenditures and loopholes, but there's two problems with that. one, the arithmetic. if you look at people over 200,000, just look at the wealthiest couple of percent, the revenue cuts about $250 billion, and the deductions, the...
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that's not my plan. >> the nan partisan tax policies concluded that mitt romney's tax plan would cost 4.8 billion dollars over ten years. >> why won't romney level with us about his tax plan which gives the wealthy huge new tax breakses according to experts he'd have to raise taxes on the middle class or increase the deficit to pay for it. if we can't trust him here, how can we ever trust him here. >> kim, first of all, i should point out they're using the wall street journal's name in vein, we do not endorse-- we think that tax policy center study is completely bogus, but kim, this suggests to me that they are not changing strategy, they're doubling down on their strategy of going after mitt romney. >> yeah, if you thought it was ugly so far, just hold on. and the problem the democrats have is that, what mitt romney really did in denver is he demolished to a certain extent their main campaign strategy. their goal was to go out there and present him in a negative light and spent enormous amount of money, saying this guy is an rapascious candidate and presenting barack obama as the alt
that's not my plan. >> the nan partisan tax policies concluded that mitt romney's tax plan would cost 4.8 billion dollars over ten years. >> why won't romney level with us about his tax plan which gives the wealthy huge new tax breakses according to experts he'd have to raise taxes on the middle class or increase the deficit to pay for it. if we can't trust him here, how can we ever trust him here. >> kim, first of all, i should point out they're using the wall street...
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. >> president obama is in fairfax and mitt romney made another swing through the state with more planned next week woman tell you what is on the agenda and which candidate calls his controversial choice of words wrong. >>> trying to track down a suspect before he strikes again. police searching for a man they say is targeting women when they least expect it. fox 5 morning news continues right now. right now. >>> straight up 6:00 on this friday, october 5th. taking a look outside right now and it is the nice start to your day. nice and cool out there. nothing too bad. going to warm up just a little bit later on. it is friday, october 5th. good morning. i'm sarah simmons. >> i'm wisdom martin. happy friday. let's bring in tucker barnes to get more on the great day we have in store. >> it feels so much better with temperatures falling back into the 50s and low 60s and much less humidity than what we've had. >> it feels great. >> nice start to the day. kids might want a jacket and long pants today after the last couple of mornings waking up in the 70s. it had -- it should be a beautiful afte
. >> president obama is in fairfax and mitt romney made another swing through the state with more planned next week woman tell you what is on the agenda and which candidate calls his controversial choice of words wrong. >>> trying to track down a suspect before he strikes again. police searching for a man they say is targeting women when they least expect it. fox 5 morning news continues right now. right now. >>> straight up 6:00 on this friday, october 5th. taking a...
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mitt romney has been fairly consistent about what he plans to do. he went out there and said it, more clearly, to everyone, on tuesday night. and, it actually puts the obama team in a difficult position, it was the heart of their strategy was to paint him as this outrageous guy with failed ideas. that has not worked now. and, so what do they do? they can't do a big change of themselves, and can't go out an propose their own big ideas. and the other problem is, now they are going to get down and dirty and claim he's a big liar and he's a flip-flopper and cannot be trusted. and if the president goes -- that's why he didn't do that in the first debate, because president obama, a big part on the election bid is on looking likable and now has to go out in a second debate and take the gloves off. >> chris: briefly, kirsten, someone said to me, the problem with debates is all romney had to do was change the way people perceive him which is easier than change your record and that is obama's problem. >> right. but because he was painted as being something so
mitt romney has been fairly consistent about what he plans to do. he went out there and said it, more clearly, to everyone, on tuesday night. and, it actually puts the obama team in a difficult position, it was the heart of their strategy was to paint him as this outrageous guy with failed ideas. that has not worked now. and, so what do they do? they can't do a big change of themselves, and can't go out an propose their own big ideas. and the other problem is, now they are going to get down and...
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some of governor romney's plans. you have taken exception to the president east plans. who do you think, you know, supports what you would say in this book? >> when i think of what's going on right now, i think of the great depression. i don't think it's as bad as the great depression, but i think it could be. the great depression got worse and then it stabilized and then it got worse for another five or six years. the reason it got worse, and this is from amity sclais, "the forgotten man," a book about the great depression, she says that government forgot and the depression got worse and worse and worse. we've got to understand those are bad policies. but i think businesses right now are terrified of the president. so my book is about regulations, but i think it makes a big difference whether or not you have a president simply who is friendly to business, in a way that he encourages business to invest. and businessmen across the country are terrified. >> some people would say a bailout of the auto industry was frien
some of governor romney's plans. you have taken exception to the president east plans. who do you think, you know, supports what you would say in this book? >> when i think of what's going on right now, i think of the great depression. i don't think it's as bad as the great depression, but i think it could be. the great depression got worse and then it stabilized and then it got worse for another five or six years. the reason it got worse, and this is from amity sclais, "the...
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or how romney plans another massive tax cut for the super rich folks like himself twenty percent you know or how president obama plans to stop the loss of american manufacturing jobs and how that might conflict with the fact that his administration is negotiating the transpacific partnership you know another free trade agreement this is just a few of the really important policy questions that probably won't be asked but if they are we should be focusing on but assuming for the moment that this debate does have some substance and will enlighten americans as to the situation that our nation is in that it's important that you know how the corporate media will bury all of that with their game frame as soon as the debate is over if you want to know about the issues that really matter and watch for that media spin and ignore it. and that's the way it is tonight wednesday october third two thousand and twelve for more information on any of the stories we covered this is our web sites of thom hartmann dot com free speech dot org and r t dot com if you missed any of tonight's show you can now
or how romney plans another massive tax cut for the super rich folks like himself twenty percent you know or how president obama plans to stop the loss of american manufacturing jobs and how that might conflict with the fact that his administration is negotiating the transpacific partnership you know another free trade agreement this is just a few of the really important policy questions that probably won't be asked but if they are we should be focusing on but assuming for the moment that this...
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one topic that will surely come up again, the alleged $5 trillion tax cut in governor romney's plan. it's important to note there is no $5 trillion estimate. a nonpartisan tax policy center only forecast cuts for one year under romney's plan, $4 5 billion in 2015 -- $415 billion in 2015. not factoring in tax deductions or loopholes. sam brock, nbc bay area. back to you. >> thank you very much, sam. >>> still ahead at 6:00, we're on the road to record-breaking gas prices. it is painful. what's behind those skyrocketing numbers? >> reporter: good evening, i'm jeff ranieri live in san francisco. how would you like to see a fighter jet, a battleship, and an america's cup world series boat on the bay? you're in luck. this weekend's going to be major. the full forecast coming up. >>> in "health matters," growing concern over a meningitis outbreak that has already killed five people and sickened 35 others. health officials fear that hundreds, possibly thousands could be at risk. all those infected received steroid injections, mostly for back pain. the steroid was manufactured by a specialty
one topic that will surely come up again, the alleged $5 trillion tax cut in governor romney's plan. it's important to note there is no $5 trillion estimate. a nonpartisan tax policy center only forecast cuts for one year under romney's plan, $4 5 billion in 2015 -- $415 billion in 2015. not factoring in tax deductions or loopholes. sam brock, nbc bay area. back to you. >> thank you very much, sam. >>> still ahead at 6:00, we're on the road to record-breaking gas prices. it is...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit pay for it. if we can't trust him here... how could we ever trust him here? megyn: a fox news alert. new fallout after governor mitt romney criticizes the president in a major foreign policy speech today. delivering a tough speech on america's role on the global stage. i'm megyn kelly. even before this speech today at thev military institute the obama campaign had been hammering governor romney as an unqualified mess on foreign policy. but from the minute he took the stage he attempted to tackle a variety of issues and made clear his vision on the global foreign policy. >> our embassies why been attacked, our flag have been burned. these mobs hoisted the black banner of islamic extremism over the embassies on 9/11. as the dust settles and the murdered are buried americans have asked how this happened, how the threats we face have grown worse and what this calls america to do. these are
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit pay for it. if we can't trust him here... how could we ever trust him here? megyn: a fox news alert. new fallout after governor mitt romney criticizes the president in a major foreign policy speech today. delivering a tough speech on america's role on the global stage. i'm megyn kelly. even before...
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accoing to t fund, romney's plan would increase the numb to 72 million. i guess sam zellhinks that would give those peoplan en you're a billionae, you reavto worry about an, ytngou? let's turn te.j. dionne, msnbc contributoand author of the book "our divided polical hear" great have you with us tonit. it would seem to me if thereas one portion of our society quiet about the way things are going inur economy it would the wealthiest aricans. how does this play out? >> younow, this is very, ry strange and disrbing thin as you said. i mean the piece that's inspiring a lot of conversations about th is the wonderful piece in "the new yorkerwhic is a real document for oure. one of the things she says, she reports on sense of ctization among so many of america's wealthiest people. thefeel like the victims, io& guess all of the cntry ought to feeke what's amazing here is the anti-oba venom. let's back to mar of 2009. the economy, the whole system on twas vergef collapse thstocmarket was dow 6,000s. d ama made two decisions. one was to prop the thinup and keep it g
accoing to t fund, romney's plan would increase the numb to 72 million. i guess sam zellhinks that would give those peoplan en you're a billionae, you reavto worry about an, ytngou? let's turn te.j. dionne, msnbc contributoand author of the book "our divided polical hear" great have you with us tonit. it would seem to me if thereas one portion of our society quiet about the way things are going inur economy it would the wealthiest aricans. how does this play out? >> younow, this...
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the president went after mitt romney on how he plans to pay for his tax cuts. mitt romney used vice president joe biden's own words in describing the middle class's struggles. >> you think by closing looph e loopholes and deductions for the well-to-do, somehow you will not end up picking up the tab, then governor romney's plan may work for you. but i think math, common sense, and our history shows us that's not a recipe for job growth. >> under the president's policies, middle income americans have been buried. they're just being crushed. middle income americans have seen their income come down by $4,300. this is a tax in and of itself. i'll call it the economy tax. it's been crushing. >> earlier in the week, vice president biden had said the middle class has been buried for the past four years. the issue they came closest to agreeing on, social security. the candidates here last night also sparred on other issues, including job creation, deficit reduction and health care. >> the presidential candidates will next square off on october 16th in long island. the s
the president went after mitt romney on how he plans to pay for his tax cuts. mitt romney used vice president joe biden's own words in describing the middle class's struggles. >> you think by closing looph e loopholes and deductions for the well-to-do, somehow you will not end up picking up the tab, then governor romney's plan may work for you. but i think math, common sense, and our history shows us that's not a recipe for job growth. >> under the president's policies, middle...
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plans lacked specifics. >> is the reason that governor romney is keeping all these plans secret because it's too good? >> reporter: governor romney spent the night attacking his record. >> we still have deficit. >> reporter: mitt romney came into the debate trailing in the polls but that could change after last night's performance. >> anytime a challenger stands on the stage with the president in a first debate they tend to get a bounce. i expect that could happen here. >> reporter: the romney campaign believes the governor scored a knockout. >> i believe that governor romney was the clear winner of this debate. if it was a boxing match it would have been called. >> reporter: an instant cbs news poll chose romney the overwhelming winner. 46% of the people we surveyed said romney won the debate. but moderator and pbs anchor jim lehrer might not feel the same way. >> i'm sorry, jim, i'm going to stop this subsidy to pbs. i'm going to stop other things. i like pbs. i love big bird. i actually like you, too. but i'm not going to keep on spending money for things to borrow money from china t
plans lacked specifics. >> is the reason that governor romney is keeping all these plans secret because it's too good? >> reporter: governor romney spent the night attacking his record. >> we still have deficit. >> reporter: mitt romney came into the debate trailing in the polls but that could change after last night's performance. >> anytime a challenger stands on the stage with the president in a first debate they tend to get a bounce. i expect that could happen...
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according to the fund, romney's plan would increase the number to 72 million. i guess sam zell thinks that would give those people an incentive to succeed? when you're a billionaire, you really don't have to worry about anything, do you? let's turn to e.j. dionne, msnbc contributor and author of the book "our divided political heart." great to have you with us tonight. it would seem to me if there was one portion of our society quiet about the way things are going in our economy it would be the wealthiest americans. how does this play out? >> you know, this is a very, very strange and disturbing thing, as you said. i mean the piece that's inspiring a lot of conversations about this is the wonderful piece in "the new yorker" which is a real document for our time. one of the things she says, she reports on a sense of victimization among so many of america's wealthiest people. if they feel like the victims, i guess all of the country ought to feel like victims. what's amazing here is the anti-obama venom. let's go back to march of 2009. the economy, the whole syst
according to the fund, romney's plan would increase the number to 72 million. i guess sam zell thinks that would give those people an incentive to succeed? when you're a billionaire, you really don't have to worry about anything, do you? let's turn to e.j. dionne, msnbc contributor and author of the book "our divided political heart." great to have you with us tonight. it would seem to me if there was one portion of our society quiet about the way things are going in our economy it...
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plans lacked specifics. >> is the reason that governor romney is keeping all these plans secret because it's too good? >> reporter: governor romney spent the night attacking his record. >> you have been president for four years. you said would you cut the deficit in half. it's now four years later. we still have trillion dollar deficits. >> reporter: mitt romney came into the debate trailing in the polls but that could change after last night's performance. >> anytime a challenger stands on the stage with the president in a first debate they tend to get a bounce. i expect that could happen here. >> reporter: the romney campaign believes the governor scored a knockout. >> i believe that governor romney was the clear winner of this debate. if it was a boxing match it would have been called. >> reporter: an instant cbs news poll chose romney the overwhelming winner. 46% of the people we surveyed said romney won the debate. but moderator and pbs anchor jim lehrer might not feel the same way. >> i'm sorry, jim, i'm going to stop this subsidy to pbs. i'm going to stop other things. i like pbs
plans lacked specifics. >> is the reason that governor romney is keeping all these plans secret because it's too good? >> reporter: governor romney spent the night attacking his record. >> you have been president for four years. you said would you cut the deficit in half. it's now four years later. we still have trillion dollar deficits. >> reporter: mitt romney came into the debate trailing in the polls but that could change after last night's performance. >>...
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no economist can say mitt romney's tax plan adds 5 trillion. about i say i will not add to the deficit with my tax plan. >> romney never actually said there would be a 20% tax cut? >> i'm going to lower rates across the board for all americans by 20%. i want a 20% across the board reduction in taxes. the individual marginal tax rate 20% across the board. the top rate, for instance, would go from 35 to 28, middle rates would come down by 20% as well, all rates come down. >> president obama was just as surprised. >> well, for 18 months he's been running on this tax plan. and now, five weeks before the election, he's saying that his big, bold idea is never mind. >> but the etch a sketching did not stop there. governor romney who once believed financial regulation was hurting the economy -- >> dodd frank it's called, has not helped enterprise get going, it's slowed it down. >> now seems to be a supporter of wall street regulation. >> want to repeal dodd/frank? >> and replace it. we're not going to get rid of regulation. some parts of dodd/frank tha
no economist can say mitt romney's tax plan adds 5 trillion. about i say i will not add to the deficit with my tax plan. >> romney never actually said there would be a 20% tax cut? >> i'm going to lower rates across the board for all americans by 20%. i want a 20% across the board reduction in taxes. the individual marginal tax rate 20% across the board. the top rate, for instance, would go from 35 to 28, middle rates would come down by 20% as well, all rates come down. >>...
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who came with the plan who didn't? >> obviously, romney came with a plan and he was the aggressor. you can leher was not going to interpose himself and romney took over. i think it would have been incumbent on obama to step up if hechted to stop that and he did not. and i think what this threatens to do is re-open the enthusiasm gap of partizans of each candidate. afterwards, republicans are delighted and democrats are a bit depressed. >> i know he doesn't believe in his religion, any kind of intoxicants or obviously, or any kind of caffeine. he was the mormon equivalent of caffeinated on the. he was up and gung-how. he relished the occasion. obama was like, is this freaking thing over yet? >> i think he reported he ordered from the cheesecake factory. lots of sugar. so that might have been it. he did a lot of things well. i think the most important thing in terms of impacting with race is he revved up the base without a doubt. >> and even the tenth amendment stuff. >> you can go to any conservative in the country and they're saying, not just because he won but he hit a lot of thei
who came with the plan who didn't? >> obviously, romney came with a plan and he was the aggressor. you can leher was not going to interpose himself and romney took over. i think it would have been incumbent on obama to step up if hechted to stop that and he did not. and i think what this threatens to do is re-open the enthusiasm gap of partizans of each candidate. afterwards, republicans are delighted and democrats are a bit depressed. >> i know he doesn't believe in his religion,...
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plans lacked specifics. >> is the reason that governor romney is keeping all these plans secret because it's too good? >> reporter: governor romney spent the night attacking his record. >> you have been president for four years. you said would you cut the deficit in half. it's now four years later. we still have trillion dollar deficits. >> reporter: mitt romney came into the debate trailing in the polls but that could change after last night's performance. >> anytime a challenger stands on the stage with the president in a first debate they tend to get a bounce. i expect that could happen here. >> reporter: the romney campaign believes the governor scored a knockout. >> i believe that governor romney was the clear winner of this debate. if it was a boxing match it would have been called. >> reporter: an instant cbs news poll chose romney the overwhelming winner. 46% of the people we surveyed said romney won the debate. but moderator and pbs anchor jim lehrer might not feel the same way. >> i'm sorry, jim, i'm going to stop this subsidy to pbs. i'm going to stop other things. i like pbs
plans lacked specifics. >> is the reason that governor romney is keeping all these plans secret because it's too good? >> reporter: governor romney spent the night attacking his record. >> you have been president for four years. you said would you cut the deficit in half. it's now four years later. we still have trillion dollar deficits. >> reporter: mitt romney came into the debate trailing in the polls but that could change after last night's performance. >>...
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and when it's difficult to explain romney's tax plan because there is no explanation. he hasn't offered any specifics. all right. third issue, as i mentioned is this is what the debate is going to be on right? on the economy. now the romney memo says that mitt romney will champion manufacturing jobs and bring them back to our shores and it also says that america has lost 582,000 manufacturing jobs under the president's watch. now mitt romney clearly plans to go after the president on the jobs record, but here is the truth. president obama has the longest stretch of manufacturing job gains -- get this wait for it -- in almost two decades. since 2000 when president bush came into office, the manufacturing sector went into a steep slide, but since 2010, that slide has turned around. the president has record on manufacturing jobs since president clinton. and he noted as much during his dnc speech. >> and after a decade of decline, this country created over half a million manufacturing jobs in the last two and a half years. >> jennifer: now in polititfacts rated that statem
and when it's difficult to explain romney's tax plan because there is no explanation. he hasn't offered any specifics. all right. third issue, as i mentioned is this is what the debate is going to be on right? on the economy. now the romney memo says that mitt romney will champion manufacturing jobs and bring them back to our shores and it also says that america has lost 582,000 manufacturing jobs under the president's watch. now mitt romney clearly plans to go after the president on the jobs...
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. >> the president talked about his health care plan, and mitt romney said my health care plan will do the same thing. >> i do think there's an issue here of whether something has to give. again, you can talk about fact checkers. simpson and bowles, i spoke to them and romney praises them. the math doesn't add up. somebody has to give. you have to specify where the deductions are. you can't increase defense spending, extend the bush cuts, 20% on top of that, and just say, no, it's going to be ok, we'll grow our way into it. that does raise a fair amount of scrutiny. >> sure. i think that's legitimate. first of all, romney has said to the degree they can't get the loopholes closed in congress, he'll reduce the tax credit. that he'll stick to the principle that it will pay for itself. there's a general argument over whether you should count economic growth. simpson and bowles don't count economic growth. two harvard experts said higher growth. third, romney has an energy plan which expanding american oil and gas. the royalties alone are worth $750 billion a year to the federal government
. >> the president talked about his health care plan, and mitt romney said my health care plan will do the same thing. >> i do think there's an issue here of whether something has to give. again, you can talk about fact checkers. simpson and bowles, i spoke to them and romney praises them. the math doesn't add up. somebody has to give. you have to specify where the deductions are. you can't increase defense spending, extend the bush cuts, 20% on top of that, and just say, no, it's...
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that is the romney economic health care plan. at each point he said on pre-existing conditions only if you have continuing coverage. then he said i'm going to take the principles of massachusetts and apply them there. the principle of massachusetts is individual mandate. how did the president let him get away with point after point after point? >> this reminded me a lot of bu bu bush/kerry in '04. do you think it was that? or do you think the president didn't want to be as feisty as he saw in his challenger? >> well, i think he had to be both the moderator and the fact-checker. he could've done it like a gentleman. i thought romney was excellent with his civility, respect for the office of the presidency. i think the president could have done the same thing and sliced through all the claims by romney. romney's been accused of etch-a-sketch. >> thank you very much for getting up early after a long night in denver. >> thanks, david. >>> we want to get a check of the other top stories. natalie, good morning. >> good morning, savanna
that is the romney economic health care plan. at each point he said on pre-existing conditions only if you have continuing coverage. then he said i'm going to take the principles of massachusetts and apply them there. the principle of massachusetts is individual mandate. how did the president let him get away with point after point after point? >> this reminded me a lot of bu bu bush/kerry in '04. do you think it was that? or do you think the president didn't want to be as feisty as he...
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, understand his plan tom, by the way, with governor romney's plan to voucherize the va. he's studying very hard. paul ryan is a skilled debater, a skilled -- very -- he's very smart, encyclopedic knowledge of the budget he's proposed and the domestic issues that are out there, working hard to prepare methodically for the debate against sarah palin, so he's working very hard. >> delaware attorney general bo biden, thanks for coming on today. >> absolutely. we're back right after this. now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we believe there's never been a better time to share your passions... because the results... are you having fun doing this? yeah. that's a very nice cake! [ male announcer ] well, you can't beat them. [ giggles ] ohh! you got something huh? whoa... [ male announcer ] humana understands the value of spending time together that's a lot of work getting that one in! let's go see the birdies. [ male announcer ] one on one, sharing what you know. let's do it grandpa. that's why humana agents wi
, understand his plan tom, by the way, with governor romney's plan to voucherize the va. he's studying very hard. paul ryan is a skilled debater, a skilled -- very -- he's very smart, encyclopedic knowledge of the budget he's proposed and the domestic issues that are out there, working hard to prepare methodically for the debate against sarah palin, so he's working very hard. >> delaware attorney general bo biden, thanks for coming on today. >> absolutely. we're back right after...
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and so we wanted to find out what the romney/ryan plan is when they face off against obama and biden. we caught up with running mate paul ryan saturday in new hampshire. before we sat down for an exclusive interview, we spoke briefly as he was about to it take the stage for a campaign town hall. >> what do you think just before you go out on stage each time? >> president obama is taking us in the wrong direction. mitt romney and i are offering them a different direction and i'm excited at the opportunity to give people the chance to pick that choice. that is what gets me excited about this. >> thank you so much for coming out, everybody. >> chris: congressman, welcome back to "fox news sunday." >> great to be back with you, chris. welcome to new hampshire. >> chris: thank you. what does governor romney need to do wednesday night in the first debate? >> he needs to give the american people the choice that we are offering. that is what we are doing. we owe the country a cheer choice of a different future. we can either have a dynamic growing economy that produces opportunity or we can h
and so we wanted to find out what the romney/ryan plan is when they face off against obama and biden. we caught up with running mate paul ryan saturday in new hampshire. before we sat down for an exclusive interview, we spoke briefly as he was about to it take the stage for a campaign town hall. >> what do you think just before you go out on stage each time? >> president obama is taking us in the wrong direction. mitt romney and i are offering them a different direction and i'm...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> we're here with your look at what is new and note worthy in the week ahead. it is your rundown for the week of october 8th. monday, columbus day is a federal holiday, meaning federal government offices are closed. tuesday, october 9th, is a big deadline in the nation's capital for the presidential election next month. tuesday will be the last day for district residents to put in their voter registration by mail. after that, they'll have to be hand delivered. wednesday, october 10th, at 8:30 a.m., former republican senate leader releases two new reports from the buy partisan policy center. thursday, october 11th, at 2:00 p.m., foreign policy research institute will host a discussion with top policy experts on iran's attempts to spread its influence in latin america and iran's president's efforts to reach
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> we're here with your look at what is new and note worthy in the week ahead. it is your rundown for the week of october 8th. monday, columbus day is a federal holiday, meaning federal government offices are...
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especially that romney's plans. he has answered some of his critics giving other details of his plans. rich edson is in washington with more on this story. this was one of the big talking point last night for sure. >> yes, it really was. he is leaving most of the details of to congress. predicting what it would actually do. here is what we do know, romney reduces taxes by cutting marginal rates by 20%. repealing the amt. the tax policy center says all that means is tax cuts of $480 billion in the year 2015. the obama campaign will divide that by ten and there is a $5 trillion tax cut figure over the next decade the president repeatedly cited during the debate. that is misleading. romney says he raises the full cost. he raises money elsewhere. personal exemptions and healthcare provision -- congress could presume economic growth from lower tax rates need more tax revenues to the treasury. economic growth means romney's plan works. >> it grows the economy so much. about 7.4% in the long run. over ten years. this reven
especially that romney's plans. he has answered some of his critics giving other details of his plans. rich edson is in washington with more on this story. this was one of the big talking point last night for sure. >> yes, it really was. he is leaving most of the details of to congress. predicting what it would actually do. here is what we do know, romney reduces taxes by cutting marginal rates by 20%. repealing the amt. the tax policy center says all that means is tax cuts of $480...
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the president is wrong to say romney's plan will add $5 twrinl to the deficit. romney said as he did last night the plan to lower the rate will be offset by closing loopholes and limiting deductions. and romney won't identify which loopholes or deduction. and concluded it's not possible to find enough loopholes and deductions. romney criticized that study. >> he cite a study. there are six studies looking at that study you described and say it's wrong. >> studies romney are talking about are from his own backers and advisors and a former advisor to george w. bush. on medicare, romney said the president's plan will limit care. >> this is going to tell people what kind of treatments they can have. >> this board can't make decisions about what treatments are given. that is prohibited in the law. >> the president is right on this one. the payment advisory board can make recommendations on drugs and medical devices that will be covered but there is no legal power to ration care. and the president saying premiums have gone up in a slower rate than any time in 50 years
the president is wrong to say romney's plan will add $5 twrinl to the deficit. romney said as he did last night the plan to lower the rate will be offset by closing loopholes and limiting deductions. and romney won't identify which loopholes or deduction. and concluded it's not possible to find enough loopholes and deductions. romney criticized that study. >> he cite a study. there are six studies looking at that study you described and say it's wrong. >> studies romney are talking...
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it's easy for governor romney to say, that's not actually in my plan, because governor romney hasn't really been forthcoming about his plan, about what it will mean for middle class families and how he makes up that money without hurting our economy, slowing it, or hurting middle class families. >> governor, let me ask dana bash who's sitting with me a quick question. i think a lot of people have been pointing out missed opportunities. the 47% never mentioned, bain capital never mentioned. all these things that were in the ads from the obama campaign were actually never mentioned. the $716 billion number, which governor romney mentioned, was never debunked and it had been debunked many times before. he didn't bring up the governor's taxes or talk about immigration policies. big impact, i would think, of those misses in this debate. >> that's why i'm listening to the governor talking about skating and dancing around the questions, you might argue that president obama skated and danced around what he needed to do. because this wasn't just a serious of speeches. this was a debate. they
it's easy for governor romney to say, that's not actually in my plan, because governor romney hasn't really been forthcoming about his plan, about what it will mean for middle class families and how he makes up that money without hurting our economy, slowing it, or hurting middle class families. >> governor, let me ask dana bash who's sitting with me a quick question. i think a lot of people have been pointing out missed opportunities. the 47% never mentioned, bain capital never...
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romney plans to hold a rally in today. celebrating the start of the a new facebookh giveaway. be giving you the chance to tickets to cox farms festival and four fields of tickets. will announce a winner each the 6:00week during a.m. hour of "good morning washington." go to our facebook page. let's check in with jacqui jeras. >> dealing with a foggy start. really seeing a blanket over the areaportion of the marylandy in western and northern virginia. where we have a dense fog until 10:00. visibility could drop below a times. mile at you really need below beans. give yourself extra time to get to your destination. you really need to use low beemams. patchy fog reported in gaithersburg. in the district and to the south. a shower late in day, 68-73. let's check on traffic with angela. reduced visibility out there the roads this morning. allow for some extra travel time. get our first look at 66. it's quiet even though you are fog.nding with no early troubles from a market. looks good to the beltway and continuing to the roosevelt bridge. h no early troubles from eymarket. looks go
romney plans to hold a rally in today. celebrating the start of the a new facebookh giveaway. be giving you the chance to tickets to cox farms festival and four fields of tickets. will announce a winner each the 6:00week during a.m. hour of "good morning washington." go to our facebook page. let's check in with jacqui jeras. >> dealing with a foggy start. really seeing a blanket over the areaportion of the marylandy in western and northern virginia. where we have a dense fog...
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the president took time to criticize mitt romney, going after what he claims is romney's plan for $5 trillion in tax cuts and cuts to pbs to help close the deficits. >> for you moms and kids out there, somebody is cracking down on big bird. cracking down on him. elmo has made a run for the border. governor romney plans to let wall street run wild again, but he's bringing the hammer down on sesame street. >> president obama will continue campaigning in california today, with a star studded event in san francisco, including john legend and will.i.am. >>> meanwhile, mitt romney returns to virginia today as he laughs off what looked like an uncomfortable situation in florida. the republican nominee was taking pictures with staff at a restaurant in port st. lucie when one of the staffers wiped romney's face with a napkin. romney can be seen laughing off the situation, but appears to be a little uncomfortable. >>> prepare for a month full of debates. this thursday vice president biden and congressman paul ryan will face off in their first and only debate. next tuesday, the 16th, president
the president took time to criticize mitt romney, going after what he claims is romney's plan for $5 trillion in tax cuts and cuts to pbs to help close the deficits. >> for you moms and kids out there, somebody is cracking down on big bird. cracking down on him. elmo has made a run for the border. governor romney plans to let wall street run wild again, but he's bringing the hammer down on sesame street. >> president obama will continue campaigning in california today, with a star...
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can say mitt romney's tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. >> so black is white, up is down, and everything is the way he says it is in the world of mitt romney. like yago, mitt romney delivered those lines in the presence of a black man, but on this occasion the president would not be deceived. he allowed mr. romney to rehearse the full extent of his lie and then just a few hours ago drew our attention to what really happened last night. >> the real mitt romney has been running around the country for the last year promising $5 trillion in tax cuts in favor of the wealthy. the fellow on stage last night said he didn't know anything about that. >> mr. romney is quite rightly basking in the glow of his brilliant performance, a performance of mendacity that
can say mitt romney's tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. >> so black is white, up is down, and everything is the way he says it is in the world of mitt romney. like yago, mitt romney delivered those lines in the presence of a black man, but on this occasion the president would not be deceived. he allowed mr. romney to rehearse the full extent of his lie and then just a few hours ago drew our attention to what really happened last night....
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romney is planning another major speech, this time on the economy. bret? >> bret: carl cameron traveling with governor romney. thank you. there is new information tonight about how bad the security conditions were in libya prior to the deadly attack on the mission. also, there are new charges that the obama administration did not answer security calls increase security for that mission. from americans on the ground in libya. james rose listen have that story tonight in just a few moments. right now, president obama is in search of consolation and cash in california. chief white house correspondent ed henry is traveling with the president. >> reporter: raising ever more campaign cash in hollywood at a concert with stars like katy perry and jon bonn jovi he poked fun at his debate debacle in denver. >> everybody here is a professional and great friends and they perform flawlessly night after night. i can't always say the same. >> the sudden plunge in the president poll numbers, though, is no laughing matter for chicago. in addition to republican romney takin
romney is planning another major speech, this time on the economy. bret? >> bret: carl cameron traveling with governor romney. thank you. there is new information tonight about how bad the security conditions were in libya prior to the deadly attack on the mission. also, there are new charges that the obama administration did not answer security calls increase security for that mission. from americans on the ground in libya. james rose listen have that story tonight in just a few moments....
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romney said again tonight that his plan would be paid for. but to pay for those cuts he would have to close loopholes in the tax code and get rid of some tax deductions, he said, and credits. but he's repeatedly refused to say which deductions he would get rid of, saying that he would work with congress to make those decisions. also tonight, president obama said that his plan would cut the deficit by $4 trillion. >> we all know that we've got to do more. and so i've put forward a specific $4 trillion deficit reduction plan. it's on a website. you can look at all the numbers. what cuts we make and what revenue we raise. >> that estimate comes from the left-leaning center on budget and policy priorities. $3.8 trillion to be exact over ten years. the president is counting money saved by letting the bush tax cuts expire for people making more than $250,000 a year. but he's also counting $1 trillion in savings over ten years by drawing down the wars in iraq and afghanistan. the bipartisan non-profit committee for responsible federal budget has cal
romney said again tonight that his plan would be paid for. but to pay for those cuts he would have to close loopholes in the tax code and get rid of some tax deductions, he said, and credits. but he's repeatedly refused to say which deductions he would get rid of, saying that he would work with congress to make those decisions. also tonight, president obama said that his plan would cut the deficit by $4 trillion. >> we all know that we've got to do more. and so i've put forward a specific...
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plan lacked specifics. >> the reason that governor romney is keeping all these plans to replace secret because they are too good? >> reporter: mitt romney spent most of the night attacking the president's record. >> you've been president for four years. you said you would cut the deficit in half. it's now four years. >> reporter: romney came into the debate trailing in the polls but that could change. >> any time a challenger stands on the stage with a president in the first debate they tend to get some bounce after that. i expect that could happen here. >> reporter: the romney campaign believes the governor scored a knockout. >> i believe romney was the clear winner of this debate. if it was a boxing match it would have been called. >> reporter: a cbs poll shows romney was the overwhelming winner. 46% of the people say romney won the debate while 22% said the president had the edge. romney helped his image with voters. 63% feel he cares about their needs and problems. that's up from 30% before last night. and 56% say they like romney better after watching his performance. but jim lehr
plan lacked specifics. >> the reason that governor romney is keeping all these plans to replace secret because they are too good? >> reporter: mitt romney spent most of the night attacking the president's record. >> you've been president for four years. you said you would cut the deficit in half. it's now four years. >> reporter: romney came into the debate trailing in the polls but that could change. >> any time a challenger stands on the stage with a president in...
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when president obama criticized romney's plan for a private medicare option. romney fired back saying the president weakened the economy by his focus on health care. >> i just don't know how the president could have come into office facing 23 million people out of work, rising unemployment and spent his energy an passion for two years fighting for obama care instead of fighting for jobs for the american people. >> we did work on this, alongside working on jobs because this is part of making sure that middle class families are secure in this country. >> so who came out on top? well, democrats say romney came off testy and rehearsed. republicans say the president was flat, with no passion. >> and marla, in this world of instant gratification we of course have instant reaction polls. it looks like they're giving round one hands down to romney. a cnn poll of debaters put romney ahead with 67% of registered voters saying he won that debate versus a mere 25% for president obama. google launching an online survey as well. that company says during the debate about 39%
when president obama criticized romney's plan for a private medicare option. romney fired back saying the president weakened the economy by his focus on health care. >> i just don't know how the president could have come into office facing 23 million people out of work, rising unemployment and spent his energy an passion for two years fighting for obama care instead of fighting for jobs for the american people. >> we did work on this, alongside working on jobs because this is part...
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that's what governor romney's plan. i love that ad. $4 trillion reduction in the debt, really, mr. president? really. he hasn't come forward with a plan. it's great ad. it sounds really nice and looks nice. but there's nothing substantive there. >> the comeback from president obama at that point, where are the details, that same question could be put to governor romney, you said hard truths in the convention, governor romney hasn't laid out which deductions will go away for the wealthy. >> the president of the united states has an obligation to be the one who's the most specific. >> so the challenger doesn't have to. >> i didn't say that. that ad does nothing to add to the debate and discussion except to not tell the truth. he starts off by not telling the truth. the president says governor romney wants more tax cuts for the rich. which is not true. governor romney said it over and over again, the rich will not pay less. >> the tax rates will come down. the same amount of money coming out of your pocket and my pocket, you're no particular time not worried. we're competing in a glob
that's what governor romney's plan. i love that ad. $4 trillion reduction in the debt, really, mr. president? really. he hasn't come forward with a plan. it's great ad. it sounds really nice and looks nice. but there's nothing substantive there. >> the comeback from president obama at that point, where are the details, that same question could be put to governor romney, you said hard truths in the convention, governor romney hasn't laid out which deductions will go away for the wealthy....
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>> mitt romney does have tax cuts in his plan. the issue is it really a $5 trillion tax cut because what he says is if it will -- says but it will make more revenue because it creates more jobs. those people then start paying taxes. so it doesn't actually cut revenues to the government. but there are cuts in the tax rate that individuals pay. i'm not sure how to count whether that is or is not a tax cut. >> reporter: okay. bottom line, $5 trillion not $5 trillion or there is no bottom line? >> the romney-ryan plan has never specified exactly what the loopholes they will close or how the math adds up, but they say it is not a $5 trillion tax cut because it has these other residual benefits. >> we have more fact checks on our website wusa9.com. and you can hear more from the candidates themselves. >>> in other news, the campaign of john delaney says that he made a mistake by not voting in two elections in the last six years. delaney is a democrat. he's running for congress in maryland. his campaign admits that he did not vote in the
>> mitt romney does have tax cuts in his plan. the issue is it really a $5 trillion tax cut because what he says is if it will -- says but it will make more revenue because it creates more jobs. those people then start paying taxes. so it doesn't actually cut revenues to the government. but there are cuts in the tax rate that individuals pay. i'm not sure how to count whether that is or is not a tax cut. >> reporter: okay. bottom line, $5 trillion not $5 trillion or there is no...
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that's all based on a study by the tax policy center, which originally said romney's plan could only be deficit neutral with a tax hike on the middle class, but jim angle fact checked that for us. >> the tax policy center later changed its assessment if romney put all deductions on the chopping block, then, quote, there is no reason why that full reform proposal would have to raise taxes on middle class households and the scholar objected to the way the obama campaign used their research saying quote, i don't use this as governor romney wanting to increase taxes on the middle class... ♪ . >> bret: when pressed about the 5 trillion dollars tax cut charge, obama advisor stephanie cutter eventually conceded the point. >> it's a 5 trillion dollar tax. but it's not going to be anywhere near 5 trillion dollars. >> okay, stipulated, won't be near 5 trillion dollars, but it's also not going to be the sum of 5 trillion dollars and the loopholes he's going to close, it will cost someone. >> they'll say they can do that, but one thing i say is not true is-- >> which brings us back to the trut
that's all based on a study by the tax policy center, which originally said romney's plan could only be deficit neutral with a tax hike on the middle class, but jim angle fact checked that for us. >> the tax policy center later changed its assessment if romney put all deductions on the chopping block, then, quote, there is no reason why that full reform proposal would have to raise taxes on middle class households and the scholar objected to the way the obama campaign used their research...
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governor romney's plan the work for you. math, common sense, and our history shows us that is not a recipe for job growth. we have tried both approaches. the approach that governor romney is talking about is the same sales pitch that was made in 2001 and 2003. we ended up with the slowest job growth and 50 years. we ended up living from surplus to deficits. it culminated in the worst financial crisis since the great depression. bill clinton tried the approach i am talking about. we created 23 million new jobs, but from deficit to surplus, and businesses did well. in some ways we have some data on which approach is more likely to create jobs and opportunity for americans. i believe that the economy works best when middle-class families are getting tax breaks and those of us who have done well because of this magnificent country we live in that we can afford to do more to make sure we are not blowing up the deficit. >> he gets the first word of that segment. let me make this comment. let me repeat what i said. i am not in favo
governor romney's plan the work for you. math, common sense, and our history shows us that is not a recipe for job growth. we have tried both approaches. the approach that governor romney is talking about is the same sales pitch that was made in 2001 and 2003. we ended up with the slowest job growth and 50 years. we ended up living from surplus to deficits. it culminated in the worst financial crisis since the great depression. bill clinton tried the approach i am talking about. we created 23...
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. >> needless to say this ray of economic sunshine is punting a dent in governor romney's plan to end the week on top. how is the republican nominee reacting spinning away saying quote -- >> but other obama critics, perhaps furious that good economic news might derail the romney swagger, instead they opted for conspiracy theories regarding the satitions behind the unemployment numbers. former chairman and ceo of ge jack welch tweeted -- welch was backed in his theorizing by master of the outlandish alan west who wrote -- this is orwellian to say the least and representative of saul au lin ski tactics from the book rules for radicals" a must read for all who want to know how the left strategize. what's that you say, a strengthening work force and recovering economy or wellien indeed. >> they want to slow the economy before the election and if you don't believe that -- >> that was a year and a half ago. >> i have a bridge i want to sell you in oakland. that's what the republicans and obstructionists in congress is about. >> joining us is cnbc's amman jabbers. you're the man with the ans
. >> needless to say this ray of economic sunshine is punting a dent in governor romney's plan to end the week on top. how is the republican nominee reacting spinning away saying quote -- >> but other obama critics, perhaps furious that good economic news might derail the romney swagger, instead they opted for conspiracy theories regarding the satitions behind the unemployment numbers. former chairman and ceo of ge jack welch tweeted -- welch was backed in his theorizing by master...
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host: let's look at details of mitt romney's plan. he is calling for a permanent across-the-board 20% cut in marginal rates. it also maintains current tax rates on interest, dividends, and capital gains. eliminating taxes on adjusted gross income below $200,000. he would eliminate the estate tax and repeal the amt. jump into some of the other mentions for guest: us repealing the alternative minimum tax is something economists would like. it is a parallel tax system. in principle every american has to compute their taxes two ways. they have to pay whichever amount is higher. it does not really make sense to have two separate income-tax systems side by side. the goal of the amt was to take away some of the unjustified loopholes. there are a couple of problems with that. if they really are unjustified, they should be taken out of the regular system. not set up with a separate system. the other thing is the selection where the provisions are removed does not line up with what most people would consider to be loopholes. the exemption you g
host: let's look at details of mitt romney's plan. he is calling for a permanent across-the-board 20% cut in marginal rates. it also maintains current tax rates on interest, dividends, and capital gains. eliminating taxes on adjusted gross income below $200,000. he would eliminate the estate tax and repeal the amt. jump into some of the other mentions for guest: us repealing the alternative minimum tax is something economists would like. it is a parallel tax system. in principle every american...
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according to mitt romney's own plan. there's a 20% rate reduction from the bush tax cuts, we're going to end the estate tax. we're going to cut the corporate tax rate from 35% to 25%. you cannot sit here, mr. speaker or anybody can sit here and say that doesn't require a reduction in the amount of revenue by $4.8 trillion. >> i'll say it i'll say it. >> moderates, levels, everybody says here's the problem, you guys won't give them any credit for closing loopholes. he won't name the loopholes, you're attacking him for not giving you the target and you tack him when you get the target. >> and it's like admitting that the substance doesn't match up. >> if there's substance, why do, you keep bringing up substance. let me hear some obama substance. your substance is always to attack romney. >> if he had a couple of sharp ideas and looked like he liked the job, he would have had a much better debate. >> mitt romney said my health care plan will do the same thing. >> it doesn't seem to me that it's as binary as this, mr. speake
according to mitt romney's own plan. there's a 20% rate reduction from the bush tax cuts, we're going to end the estate tax. we're going to cut the corporate tax rate from 35% to 25%. you cannot sit here, mr. speaker or anybody can sit here and say that doesn't require a reduction in the amount of revenue by $4.8 trillion. >> i'll say it i'll say it. >> moderates, levels, everybody says here's the problem, you guys won't give them any credit for closing loopholes. he won't name the...
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where is i the president's big plan? >> where's mitt romney's small plan? >> you heard it last night. he has an entitlement reform plan, tax plan, corporate tax plan, energy plan, trade plan. the president doesn't. and i think it really showed. he imagined he was going to get through this race simply by disqualifying romney. they almost did it during the summer. they came this close. >> hold on a second. >> i want to ask you something. the whole debate last night was obama saying no to romney's agenda. we all learned romney's agenda. nobody learned obama's agenda. now he's going back to negativism. this is a huge mistake. let me tell you something else romney did to get reaction. your man obama is going to have so much trouble. romney said to 68 million viewers, i can make a deal. i can go across the aisle like i did in massachusetts. in fact he even said about his tax reform plan, if you don't like the specific version let's talk about some other options. but you, mr. president, you couldn't make a deal. you had a deal, you broke the deal with john boehner
where is i the president's big plan? >> where's mitt romney's small plan? >> you heard it last night. he has an entitlement reform plan, tax plan, corporate tax plan, energy plan, trade plan. the president doesn't. and i think it really showed. he imagined he was going to get through this race simply by disqualifying romney. they almost did it during the summer. they came this close. >> hold on a second. >> i want to ask you something. the whole debate last night was...
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mitt romney said his plan includes some of the more popular parts of obama care. let's listen to what he said. >> number one, pre-existing conditions are covered under my plan. number two, young people are able to stay on their family plan. >> so pre-existing conditions. please explain this for me. >> yes, i know it's less than half a sentence when you just said it, but it's way more complicated. so obama care tells insurance companies, you have to insure everybody, even if they have a pre-existing condition. romney has said and his spoexpeopspoe spokespeople are said, we want insurance companies to cover people with pre-existing conditions if -- and this is a huge if -- if they have had continuous care in th past. but they haven't defined what they mean by that. so let's say you get laid off of your job and you don't have insurance for a period of time, because you don't have a job and you can't afford to buy it on your own. well, that's a gap. so does that mean that you won't be able to get insurance if you have a pre-existing condition? we don't know. under oba
mitt romney said his plan includes some of the more popular parts of obama care. let's listen to what he said. >> number one, pre-existing conditions are covered under my plan. number two, young people are able to stay on their family plan. >> so pre-existing conditions. please explain this for me. >> yes, i know it's less than half a sentence when you just said it, but it's way more complicated. so obama care tells insurance companies, you have to insure everybody, even if...